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their taxes automatically go up at the beginning of next wreer. right now, as we speak, congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. gerri: there's the president calling out congress. what do you have to say, congressman? >> yeah, here we go in the middle of this. the house passed all our tax things in april. we passed the sequestering documents in may. we waited for the senate since may to reciprocate on that. the senate and white house sat on it, and they said we'll see you in the lame duck period. now it's lame duck, and now they want to get started when we finished or work in may on it. it's been frustrating in the process. it's the same song, 38th verse on it, waiting for the senate to get it going. now we're actually going, and the president now says you can clear the table on this. the reality is this is not a tax issue. it never has been a tax issue. we have the same amount of revenue coming in in 2012 that we had in 2007, but we spend a trillion dollars more per year now than we did five years ago. this is a spending issue. ge
. ♪ >> the speaker's proposal right now is still out of balance. >> their proposal would raise taxes on millions of middle class families. >> when you look at the math, it doesn't work. >> we can generate revenues not from raising rates but from reducing the exemption it's, the deductio deductions, and the loopholes out there. >> it would take me too long to go through all the math. >> we're going to have to have higher rates. it's not me being stubborn or partisan. it's just a matter of math. >> this is a continuation of hirs campaign. he thinks he won it. >> president obama has been re-elected. >> to get a deal done, you're going to have to have higher tax rates on the top 2%. >> the one thing the republicans have going for them is they're leaning on erskine bowles. >> i heard what you were saying. you know nothing of my work. you mean my whole fallacy is wrong. >> i'm happy to be flexible. i recognize i'm not going to get 100%. ♪ >> it certainly 'tis the season and whether you're counting the days to the fiscal cliff, the debt ceiling, christmas day, or judgment day, there's much to do and
office. plus, raising taxes. >>> and tavis smiley, he is on a crusade. >> you can't have 1% of the people who own and control more wealth than the other 99% of the population. >> this is "piers morgan tonight." good evening, our big story tonight is really big, $550 million worth of money, powerball. you probably heard your odds of winning are one in 175 million, 223,000, 500 million in ten. and you are more likely to be crushed by a vending machine as you shake loose a candy bar. the odds of that, more than just 112 million. and many people, most of my staff included have bought tickets by the bucketload tonight. joining me now, this could be the quickest way to ruining your life. dave ramsey, the host of "the dave ramsey show" welcome. >> thank you piers, good to be with you. >> on the face of it. a good bit of fun everybody can hope and dream, what is wrong with that? >> well, the problem is several things. one is false hope, because as you said in your open analysis, you are more likely to be struck by lightning six times than win the ticket tonight. so this is just crazy. and the pro
of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>neil: and if republicans thought there was wiggle room in the white house tax position no less than treasury secretary geithner put that to rest. >> rates and revenues, tax rates, tax rates, tax rates. higher rates. rates go up. tax rate increases. higher rates. rates will we have to go you. rating rates. tax rates going up. >>neil: we will have a quiz. what was he saying? a lot? that is the administration's way saying tax rates or take a hike. >>guest: the president is in an ideological position and geithner who is famous for not paying taxes is perfectly happy to carry white house water on capitol hill and on the tv shows and this, really
negotiations, and all you hear are about preserving tax cuts for the wealthiest americans. that just feeds into this lack of connecting to the middle class that's been a problem. >> here's your answer and it's difficult and nuanced. traditionally republicans economic message that resonated with the middle class is our taxes will be lower on you. democrats have co-opted on that. they promise taxes on the middle class but do it simultaneously with giving high spending that. cannot last forever so republicans have to make people realize that is a utopia that doesn't exist. you can't have low taxes and high spending that democrats are currently promising. >> we've had $520 billion spent on jobless benefits over the past five years, and i bet they are probably pretty evenly divided between republicans and democrats and the big message on government spending has been distorted because we've had a crazy recession. i want to bring in anna because the president built that winning location of african-americans, latinos and women. it's a gone primarily of rich white man. why not let the tax cuts expi
rate and raises $800 billion in new tax revenue by reforming the tax cut and closing loopholes. the plan rejects specifically raising tax rates, but it is significant that john boehner has gotten his entire leadership team, including congressman eric cantor, kevin mccarthy and even former vice presidential nominee and budget hawk paul ryan to publicly sign their names to a plan that through closing loopholes raises taxes. in an effort to give this offer more bipartisan credibility, speaker boehner said the plan is based on a proposal by former clinton chief of staff erskine bowles. bowles said he was flattered by the use of his name but satsz the proposal, quote -- so far, this greek fiscal drama has yet failed to return. the larger question for america, the play ends in tragedy on december 31st. joining me now from washington, is the president for -- president of americans for tax reform, conservative counter broker and the man who does not believe in unicorns, pink or otherwise, mr. grover norquist. grover, what a day to have you on the show. thanks for joining us. >> absolut
the details of the president's opening gambit in the fiscal cliff talk. he wants a $1.6 trillion tax increase, 50 billion and stimulus spending. and the white house has the ability to raise the debt ceiling without congressional approval. a very big deal for folks there. today, the president is out there, trying to drum up support among the public. not in washington or with congress or the senate. here is what he had to say. >> it is not acceptable to me, and i do not think it is acceptable to you for a handful of republicans in congress will middle-class tax cuts hostage simply because they don't want tax rates on upper income folks go up. gerri: it sounds like the same old, same old. the president has been making the same comments again. is this any way to sell a plan? >> there really is not. the president is not being serious about this. the fact that the president is out there campaigning on this rather than negotiating, it means that those that are negotiating, such as secretary geithner, they probably don't feel bound by what the president is saying. this is the first gammons and certai
boehner told the president to leave the tax cuts for the rich alone. the president says he doesn't want to do that. he's going to stick with his plan to raise $1.6 billion in revenue and if republicans have something better they should be specific now. eric cantor said republicans are already going further than they did in the same spot in 2010. >> we have done our part. we have put revenues on the table, something we didn't do two years ago during the debt ceiling negotiations. >> we've seen some positive developments in the last several weeks, in terms of what republicans have been saying about the need for revenue as part of a balanced package. the president will continue to make the case that that is essential. >> reporter: so both sides saying revenue is on the table, now the fight is obviously to figure out where it's going to come from, how the government is going to make more money. democrats want it to come from increased tax rates on the rich, republicans would prefer to make that extra money by reforming the tax code and entitlements. bill: how is the president trying to rall
's big tax hikes, companies and investors are cashing out. including one of president obama's biggest supporters. plus, as susan rice makes the rounds on capitol hill, we'll look at who could make up the national security team in president obama's second term. ♪ >> i am ready and able and willing and excited to go ahead and get this issue resolved in a bipartisan fashion so that american families, american businesses, have some certainty going into next year. >> i'm disappointed in where we are and i'm disappointed in what's happened over the last couple of weeks. the fiscal cliff is a serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> welcome tt colonel, editorial report, i'm paul gigot, not a meeting of the minds between president obama and house speaker john boehner where talks to end the fiscal showdown ends. the president for his park took his place for the public and called for america and little cuts to entitlement spending something the speaker says must be part of any final deal. wall street journal c
campaign style event with lots of talks about taxes but little mention of spending cuts and these where we begin this hour of "america live." welcome, everybody. i'm megyn kelly. moments ago the president gathering with a group of taxpayers to encourage americans to put pressure on congress to make a deal on raising taxes on the wealthy. but we heard no mention of congress dealing with our soaring debtor deficit spending, or where spending cuts of any type might come or how we are going to address the larger issue: we all know that tax hikes on the rich ain't going to get it down. progressive groups reportedly held a private meeting with senior obama administration white house officials. according to the "washington post" the groups were told not to worry about any entitlement reforms or big budget cuts. the so-called safety net programs according to them are not going to be touched and the progressive groups walked away feeling very happy. the report say the white house feels it does not need to compromise, period and is willing to let the big tax hike happen on everyb
♪ imus in the morning ♪ >> attention, stock holders, there is a tax revolt brewing and you are going to win. good morning, everyone. tens of billions of dollars in extra dividend payments have been announced and the money will be paid this year, so, you avoid the expected dividend tax increase next year, that's a tax revolt sticking it to the president and the treasury. and here is a forecast that "varney & company" got right. the obama team wants to raise tax now, promises of entitlement reform later and ignore the debt. that's the fiscal cliff deal of the day and the market likes it and the numbers are 5, 16, 22, 23, 29, and the powerball is 6. you lost. the government won. "varney & company" is about to begin. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, . . >> . stuart: it's a modern day tea party. it's a revolt led by corporations. the wall street journal reports 173 companies announced they'll pay special dividends for shareh
. >> sean: we'll get into what, quote, unquote, revenue really means, and whether it includes tax hikes. as you just heard from the republican leadership they're offering up real solutions on how to avoid falling often the so-called fiscal cliff. the president however still thinks he's out there on the campaign trail, in fact using the exact same class warfare that we all grew accustomed to during the election. instead of offering up a single suggestion on how to cut spending or agree to any sort of meaningful entitlement reform, he's trying to finis frighten ye american people, that there's no other alternative other than raising taxes. watch. >> the place where we already had complete agreement right now is on middle-class taxes. as i've said before, we've got two choices. if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> sean: before president, if you don't lead, continue to do nothing, america's debt could continue to rise and we could easily hit $20 trillion in the coming years. i doubt very much that you ne
in new taxes, half of what t president was looking for. more importantly, the gop plan keep tax rates the way they are now. we kw that is a deal mker for the tie-breaker for the presidents. joining me now, theman some democrats blame for the fiscal cliff impasse, grover norquist, president of americans for tax reform. and the many ands a finger to about fixing it, michael reagan, founder of the reagan group. i wantto start with the republicans plan that they put on the table. they have been accused of doing nothing and all. they come up with their own plan which inclus 800 billion in revenue from closing loopholes and eliminating deductions and then 1 billion in spendin cuts. it is being rejected from the get go by democrats. grover, what do you say? >> i think the republicans had a very good pl called lorraine budg. they alloted for it in the house. itsaves $6 trillion over the same decade, and they did not raise taxes and all. i really think of the president is not iterested in compromising, and not sure it is wise with the republicans to keep moving in his direction. i suppos it ge
of revenue from taxes on the rich, right? >> yes. >> the republicans said okay, we'll give you that certain amount of ref knew, and do it on the rich, but the way we'll do it on the rich is deductions and closing loopholes that impact only the rich. >> right. >> to the president gets the same amount of money, he gets it from the same people, but rather than raising taxes, the republicans say we're going to do it this way, and he says no. why does he say no to that? it's the same money from the same people giving it up. >> yeah. i think he's saying no because he likes the deal that he has in place. >> it's the same amount of money. >> no, no. >> the same people. i mean, it's the same revenue and it's from the same people. >> the reason i think he's saying no, and i think he will say no to just about anything the republicans put forward is because the fall back position is better for him than any deal that the republicans are going to put forward. the fallback position is a tax increase on everybody and back to where prebush tax cuts, and he can then have his big increases in taxes and then a
position on tax rates but the president won't budge. he told him, if he has an alternative plan, he ought to put that forward rather than focusing on entitlements. the white house will send tim geithner to capitol hill for a meeting. yesterday the president met with ceos including at&t, goldman sachs, coca-cola and caterpillar, many of whom said after the meeting they emerged hopeful a deal could be struck to avoid the fiscal cliff. in another meeting with middle-class americans, president obama said he believes the framework for a deal could be in place before christmas. >> and i'll go anywhere, and i'll do whatever it takes to get this done. it's too important for washington to screw this up. now's the time for us to work on what we all agree to, which is let's keep middle-class taxes low. that's what our economy needs. that's what the american people deserve. >> white house also turning to social media has a twitter hash tag to spread its message. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voi
for progress of this moment. the clock is ticking down. end the year for mandatory tax hikes set to kick in. welcome to new hour of "america's news headquarters." i'm eric shawn. >> i'm jamie colby. more talk of the miscall cliff is coming. house speaker john boehner in an exclusive interview with "fox news sunday" saying, "we're nowhere" in fiscal cliff talks with democrats. treasury secretary tim geithner saying and telling chris wallace republicans must accept the tax hikes for the wealthy to reach a deal. a deal is what we are after. peter doocy live in washington with more. peter, tell us first, speaker boehner -- the big problem right now with the white house proposal that was just presented. >> jamie, speaker boehner says he was flabbergasted when the treasury secretary geithner came to capitol hill and told him what the president wants. and this is why. >> the president is asking for $1.6 trillion worth of new revenue in ten years. twice as much as he has been asking for in public. he had stimulus spending in here that exceeded the amount of new cuts he was willing to consider. it w
with the fiscal cliff and there's hot rhetoric to go around. >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue. >> in order for us to raise the amount of revenue that's needed just by closing deductions and loopholes for high earners we'd have to, for example, eliminate or severely cap the char itible deduction. >> an obsession to raise taxes not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on the wasteful spending in washington. >> and meantime, "the new york times" jonathan wiseman reports behind the scene republican leaders are considering the president's plan to extend middle class tax cuts now an address the debt and spending in the new year. here's republican senator tom coburn on "morning joe." >> actually, i would rather see the rates go up than the other way and greater chance to broaden the base in the future. >> do something, a down payment on cuts, on investments and revenue this year. and then in the
be breaking down in washington's effort to head off a series of automatic tax hikes and spending cuts that will hit americans hard in the new year unless something is done to stop it. welcome to "america live," everyone, i'm megyn kelly. treasury secretary timothy geithner headed to capitol hill today, in fact, he's still there, meeting with congressional leaders on both sides of the aisle. but after his sit-down with the speaker of the house, john boehner, mr. speaker boehner came out and told reporter that is the treasury secretary offered no new substantive plan and would not address the issue of spending cuts at all. as we reported on this show yesterday, it is no longer clear that the white house even wants spending cuts in this initial deal. it wants solely tax hikes, or at least that's all that it's been talking about x that now -- that dichotomy -- is becoming a big issue. here's the speaker. >> two weeks ago we had a very productive conversation at the white house. but based on where we stand today, i would say two things. first, despite the claims that the president supports
's accept to believe you for a handful of republicans in congress to hold middle class tax cuts hostage because they don't want tax rates on upper income folks to go up. >> let's not kid ourselves. i'm willing to move forward in good faith. our original framework still stands. >> andrea: the republican leader mitch mcconnell said he burst in laughter when tim geithner outlined the president's plan. what's next? rush limbaugh and charles krauthammer want republicans to walk away and let obama own the mess. >> the best thing to do is back out of this and let obama and democrats have it and do what you want to do. that will happen anyway. i don't know about you, i don't want my fingerprints on this. >> this is almost unheard of. what do they expect? they think the republicans will cave on everything. i think republicans should walk away. >> eric: so on tuesday, i remember -- >> andrea: i floated the idea and i said why can't republicans vote present? let obama have his bill or not show up. a lot of members wouldn't show. they would book dentist appointment or pull a hamstring and let him g
obama. the different in dollars. the president wants $800 billion more in tax increases. the republicans want approximately more a trillion dollars more spending cuts. that's the difference between the two sides just in dollar terms. there is a difference between the two sides in terms of principle. the principle centers on higher tax rates, yes or no. speaker boehner many latest offer is raise $800 billion mostly from the wealthy by limiting deductions. the president says, no, don't want that. we want to tax the rich with higher tax rates on the rich. we have a dollar difference, a difference in principle. martha: we are hung up on ideology here. if you can get the money one way and it produces a long lasting change to the tax code which both sides say they want, what seems to be the problem? >> reporter: it's ideology. the president one the elect, he says he won it on taxing the rich. he want to win the debate. whether it's the best solutioner to the economy is an entirely different story. this is a political and ideological argument and we'll see who wins. martha: there is a couple wa
the bill to make sure people's taxes don't go up. >> the adult in the room continues his campaign to cut taxes for the middle class and john boehner keeps shooting spit balls. the latest on the stalemate and the democrat's upper hand. >>> mitch mcconnell gets ridiculous with his demands to weaken medicare. one of the architects of obama care responds tonight. >>> house republicans pass an immigration. bill democrats say is divisive and inferior. tonight, congressman javier pasara on why the latino community won't. be fooled. >>> the first fast food strike is historic. what you need to know about the lowest-paid workforce in the country. good to have you with us. thanks for watching. president obama knows his opponent is on the ropes and he's not letting up. the president took his tax plan agenda on the road today. he e went to a pennsylvania toy factory to focus on the people who will be hurt if the tax rate extensions are not passed for the 98% of americans. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. every family,
$800 billion in savings through tax reform with no tax rate hikes. john boehner blasting the president's, quote, la la land offer. that just moments after the president took his plan to the people answering questions about the fiscal cliff on twitter, and with less than a month to go, the white house dispatched treasury secretary tim geithner to five sunday talk shows to declare tax rates on the wealthy are going up one way or another. >> if the republicans say, sorry, no way are we going to raise rates on the wealthy. you guys are willing to go off the fiscal cliff? >> it republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a the a time when the american economy was doing exceptionally well, then there will not be an agreement. >> while geithner was drawing a line in the sand, house speaker john boehner was busy trying to lift his jaw off the flar after geithner presented the president's debt reduction plans to him last week. >> i was just flabbergasted. i looked at him and said you can't be serious. i have just never seen anythi
taxes, no specific cuts according to "the new york times" and "wall street journal." actually, $50 billion more in stimulus spending and no specific spending cuts. it was a nonstarter, and they knew it was a nonstarter. richard wolffe, my question to you is, why did the white house decide to have this as their opening volley when they knew the response would be a negative one that they drew? >> well, they put on $400 billion in medicare cuts. so there were some specifics in there. but was it a hardball opening? yeah, of course it was. the question is, what's the counteroffer, right? they're trying to not just provoke a no. they want the counteroffer. and the counteroffer is, what is it? there isn't one. >> it looks like right now it will probably come back now as $800 billion in new revenue, probably higher specific cuts. >> you forget one extra demand, of course, which is ban the debt ceiling piece. that's huge, right? that's, like, unilateral disarmament. we're going to offer you to unilaterally disarm. i like that one, too. because they were sensible. let's face it, the markets
is threatening a power play move to force a vote on extending middle class tax cuts. this morning, president obama also pushed away republican senator orrin hatch called his proposal, radical. >> it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the we weltmist americans. >> what he proposed this week is a classic bait and switch on the american people. a tax increase doubled the size of what he campaigned on. >> joining me now nbc news white house correspondent mike viqueira. mike, let's talk about this thing. this is the time the lawmakers are breaking out the rule book to find some tricks. how does pelosi think she can force a vote on middle class tax cuts? >> it's funny, craig, the president visited the tinker toy factory yesterday but he's not playing around, that is for certain. his opening bid delivered by tim geithner the treasury secretary on thursday up on the hill was such a one-way document as far as republicans were concerned that the republican leader of the senate broke out in a burst o
the irs is about to hit millions of americans with new taxes to pay for the health care law. the new taxes hit certain people's investment income, capital gains and dividends, and they also impose a new income tax separate and apart from the one you already pay. joining me now, the president of the american commitment, and he's been joining us on the health care law for months now. phil, this is very interesting because we had the supreme court rule that obamacare was a tax, and there was a debate about whether it really did impose new taxes or not. it's very clear the so-called rich in this country, people who makeover $250,000 as a family or $200,000 as individuals, are going to have their investment income hiked irrespective of any fiscal cliff talk. this is all thanks to obamacare? >> yeah, that's exactly right, megyn. there was a surtax in the health care law, supposedly to pay for medicare, but they raised it -- they raided the money out of medicare before it even arrived to pay for the new obamacare spending. it's 0.9% additional medicare tax on wages of high income earners, and it
that the sky is blue on the one issue when keeping tax cuts where they are for the middle class. >> right. >> why can't we get that one step accomplished and maybe move on to step two which is a bigger and bolder plan? >> that's what congressional democrats and president obama would like to see happen, and we have a discharge petition, which would bring the bill that has been sent from the senate and pass the senate overwhelmingly sent to the house, take that bill up and give, extend the tax breaks to the middle class and give certainty to the middle class as we move to, continue to move into the holiday season. all of the tax rates expire december 31st and we can deal with the tax breaks for the wealthiest most fortunate americans and others to avoid the fiscal cliff between now and december 31st but take what we agree on which is that the middle class tax cuts should be extended and tax rates should not go up for the middle class, let's do that now. the republicans refuse to do that thus far, which is sort of baffling. even some of their senior members like tom cole from oklahoma have s
.6 trillion in new revenue from tax hikes on the rich. the white house is giving $400 billion in savings from medicare and entitlements. there's also a request for at least $50 billion in infrastructure spending, mortgage relief, and other stimulus measures. none of this is a surprise to the republicans. this is what president obama campaigned on. it's also what republicans have been presented behind closed doors for weeks. "politico" reported on the deal taking shape behind the scenes. it includes most of the same details the white house has in its proposal. according to "politico" house republican leaders recognize president obama holds the high cards and the public is likely to blame republicans if negotiations blow up and the new year begins with a fiscal disaster. the facts didn't stop speaker boehner from claiming the white house is holding up negotiations. >> majority leader and i just had a meeting with the treasury secretary. it was frank, and it was direct. i was hopeful we'd see a specific plan for cutting spending. >> the treasury secretary's proposal seems pretty specific. it eve
. timothy depite gite saying we'll raise taxes 1.6 trillion and washington will increase taxes on capitol gains and we would like to say we like the power to raise the debt ceiling any time we want for the executive branch which is unconstitutional. >> steve: it is not 39 or 35 percent. all nonstarters in the world of negotiation. >> gretchen: two things to discuss. why is it tim geithner doing the discussions inted of the president of the united states. let me know if you have an answer for that. and the reason they are asking for this stuff. this is the way negotiations work when you win the presidency. you are walking around with your chest puffed up. this week, nothing will happen. until you cum come up right to the cliff. >> brian: this president is making a mockery of negotiations. he offered a initial trike with under 30 days until the cliff happens . sos the unserious attempt to get anything done. republicans ippedicated we will raise revenue. but the nuggets that are inside and his decision to go to pennsylvania and talk to a tinker toy and scrooge and coal in your pocket is an i
. the republican counteroffer to the white house plan relies on $800 billion. the plan does not raise any tax rates on the top income earners. it also contains $600 billion in health care cuts. who has been for that? nobody. there are $300 billion in cuts in mandatory government programs and another $300 billion in cuts to agency budgets and discretionary spending. the speaker's office sent a letter outlining the plan saying new revenue would be generated through pro-growth tax reform that closes special interest loopholes and deductions while lowering rates. oh boy. it's the mitt romney plan again. the offer letter actually described the proposal as the bowles plan. republicans say the plan is based on the outline for the debt commission co-chair. the approach outlined in the letter speaker boehner sent to the president does not represent the simpson-bowles plan nor is it the bowles plan. the white house also rejected the offer in a statement today. the republican letter released today does not meet the test of balance. in fact, it actually promises to lower rates for the wealthiest americans and
and with the president and republicans on raising taxes republicans are trying to shift the focus to spending cuts and entitlement reform. >> i hope when tim geithner comes to capitol hill that he will put forward something concrete. so far all we got out of the administration are these demands for higher taxes, they're willing to discuss what is driving federal spending and debt and that is in title and programs. peter: we learned president obama and john boehner spoke for 15 minutes last night. i just bumped into a senior leader among senate democrats and asked him how he felt about this news and he said -- he was more optimistic about these negotiations today. he thought perhaps this man the speaker and the president were exchanging proposals on avoiding the fiscal cliff, john boehner has a press conference at 11:30 after his meeting with tim geithner. connell: we will speak with -- see what the speaker has to say. with all this back and forth, a decent amount of speculation that a deal is starting to take shape. look at the reporting from politico and they put numbers to its save a framework l
time ago saying he'll answer questions about the cliff, his proposal and pending tax hikes on the official white house twitter feed. press secretary jay carney insisted the white house is still optimistic it can reach a deal with congressional republicans. >> there has been progress, and we can achieve a bipartisan agreement. the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is necessary without raising rates on the top 2%. >> and there are just 29 days to go for the two parties to find some sort of middle ground, and joining me now from the white house nbc news correspondent kristen welker. what's the back story on this it twitter q and a for the president, which should start any minute now? >> reporter: that's right. this is part of president obama's full court press to get the public on board to pressure republicans to sign on to his plan to increase taxes for those making $250,000 or more. he had his first twitter town hall in 2011 when he answered questions about jobs and the
tax cuts hostage simply because they refuse to let the tax rates go up on the wealthiest americans. >> the republicans call this a bait and switch. >> alisyn: we'll debate. >> dave: one massachusetts town rolling out the welcome mat to long islanders for christmas tree lighting after the they refused to budge on the holiday event. the p.c. please. >> should you tip your garbage collector or how about your child's teacher? we have tips for tipping or the barista at starbucks. >> dave: no! sorry, ladies and gentlemen. >> "fox & friends" begins right now. ♪ >> are you supposed to tip the teacher. >> dave: some are, some are not. >> you want to err on the side of tipping and is it too much. do you tip the garbage man or the postal employee. you leave a bunt cake outside. >> alisyn: yes, money. they want money. >> dave: we'll get into it later, but it's tough because it used to be you tip someone for extraordinary service. >> alisyn: right. >> dave: now you just tip someone please. >> alisyn: so they don't egg your house, that's why you're tipping. >> and go to ff weekend and fire it
take president obama's party. doo extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris good win joins us. >>> let me finish with how lincoln outlawed slavery for good and how de it using politics. this is "hardball," the place for politics. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with
take president obama's view, extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris kearns goodwin joins us. >>> let me finish with how lincoln outlawed slavery for good and how he did it using politics. this is "hardball," the place for politics. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now that's progressive. call or click today. [ grunting ] >>> how's this for irony? mitt romney has finally captured 47% of america. remember this video that sunk the romney campaign? >> there are 47% of the people who will vote for the president no matter what. 47% who are with him, who are dependent upon government, who believe they are victims, who believe the government has a responsibility to care for them. >> well, the cook report points out ro
with republicans and taking a hard line on new taxes. the latest proposal includes over one half trillion dollars tax increase, double the republicans want, and it wanted up-front. also $50 billion in new stimulus spending. they want to raise the federal debt limit without congressional approval. no spending let's. the brakes are off. with more on this, the ag holds 18, president of american action far and former cbo director. welcome to you both. i just want to mention a couple of other things that are in this proposal which frankly shocked me. the payroll tax break continues. we have bipartisan agreement that it would expire. and then a permanent increase in the debt limit. we said that. a one-year extension of expanded jobless benefits. the list goes on and on. it's like a christmas tree. >> i think it's very unfortunate there was a moment not too long ago when we thought there was a fair amount of consensus of apparel taxol they going away, a very modest extension of the benefits. we would focus on narrowing down the tax differences. middle-class agreed. we had to worry about the high end and
today. he used an event in pennsylvania to rachet up the pressure on republicans to freeze taxes for the middle class while allowing the tax rates on the wealthy to go up. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> in other words, the day after the white house puts its opening bid on the table, the president comes out swinging. that opening bid didn't have a whole lot of concessions in it to the republicans, and the republicans reacted as many would have predicted. they were mad. basically saying that offer was an insult. today, house speaker john boehner doubled down. >> it was not a serious proposal. and so right now, we're almost nowhere. >> that doesn't sound good. republican congressman lee terry of nebraska was just as succinct but how shall i say this? more colorful. he told the "omaha world herald" we're screwed either way. we really have no leverage in these discussions. representative terry has said he is op
: president barack obama has made his plan to avert the fiscal cliff very clear. he wants to raise taxes now. and, by the way, he'll get back to us with how exactly he intends to cut spending later. that's why speaker of the house john boehner told reporters no substantive progress has been made. president obama has no interest in reducing the size of the federal government. now democrats before him he's dangling the prospect of future budget cuts in the hopes republicans will take the bait. with that in mind, it's important to remember the words of president ronald reagan, he wrote them in his own autobiography, and described in great deal a deal he struck with the democrats in 1980s, promising $3 in spending cuts for every dollar in a tax increase. reagan wrote, the democrats reneged on their pledge and we never got those cuts. perhaps that's why some on the right are calling foul on these negotiations. >> the only secret talks have revealed, a government that skips from one crisis to the next. all of this secrecy allows the president to petition himself frankly and being in favor of a bal
the american people said? 60% said income tax rates should be raised. >> right. >> 55% said the economic system favors the wealthy. 65% legal status for illegal immigrant. 59% said abortion should be legal. and they are still saying that their ideas carried the day? >> stewart stevens has written a lot of good fiction and another life he writes books and they are kind of good. but if you just slice off a piece of the electorate that we won, then we won those ideas, that doesn't make any sense and it's not actually -- look, we can take a step back and say, what is right for the country? but republicans first have to say what is right for republicans? if republicans want to win these kinds of elections, they have to appeal to more people, not what stewart stevens said, which is somehow the liberal coalition turned into a strength. as if they are still playing the argument that this guy is a fluke. the president is a remarkable coincidence of fate. the republican party will never find the majority of the republican party again. >> karen, not a fluke. let me tell you, president obama won bigger tha
and get rid of deductions. a huge increase in demand on tax rises. does that concern you? >> absolutely. this is a proposal was brought to the table and on the republican side kind of laughed at and not take it seriously at all. some concern for the market because we are no closer than we were two week ago to any kind of agreement at all and if history has taught us anything with washington d.c. they don't solve anything until it comes to the last minute and all that uncertainty creates a lot of volatility in the market and we're seeing that more and more and will continue to see that for the next 30 days. liz: you to in this out and listen with one ear because you have been long-term bullish. how do you proceed when there is this echo chamber out of washington d.c. about the fiscal cliff? >> what you need to realize is regardless of where they end up, they have reduced standing and high taxes. you get a lot of noise. what i am seeing that is very bullish for us is the fact that there's a lot of intraday swinging, we got weeks, the market is holding up extremely well and what everyone h
and said it is republicans who aren't making any serious offer on more tax revenues. >> so right now all eyes on the white house. the country does not need a victory lap, it needs leadership. tell the american people with spending cuts they are willing to make. >> if it happened, it will be under the leadership of the house. for a balanced agreement, we need republicans to come forward with something. >> speaker john boehner said this is a moment for adult leadership, a stab at the president there. melissa: my goodness. i understand mitt romney is coming to the white house for that lunch. i don't know, what is everybody expect to come from that? >> the president said the president wanted to talk to governor romney about ideas to make it more efficient. praising the management of the 2002 olympics, said he did a good job there. governor romney is one that raised the ideas happen deductions for tax for people to come up with as far as tax reform, come up with more tax revenue. melissa: thank you so much for your input, peter barnes. lori: what is on the menu? got to give a shout out. there
but not without higher taxes for the wealthy. the president sat down with bloomberg for his first tv interview since the election and the fiscal cliff face off. he reiterated that lying in the sand is higher taxes for the wealthy. he gave republicans some room to maneuver. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlemented ientitlements i'm prepared to make, we have to see the rates on the top 2% go up. we're not getting a deal without it. understand the reason for that. it's not me being stubborn or partisan, it's a matter of math. >> and the gop plan, which was unveiled yesterday, includes $800 bill onin new taxes made through closing loopholes and deductions and not raising rates. compare that to the president's plan and that's about half of what the white house asked for. republicans propose 600 billion in entitlement saving including raising the medicare requirement to 67, nearly twice what the white house called for. the
court press asking americans to pressure congress to keep middle class tax cuts for families earning $250,000 or less. >> it is too important for washington to screw this up. now is the time for us to work on what we all agree to, which is let's keep middle class taxes low. tweet, use the hashag my2k or e-mail, post it on a member of congress' facebook wall, do what it takes to communicate a sense of urgency. i'll sign this bill as soon as congress sends it my way. i got to repeat, i've got a pen. i'm ready to sign it. so -- >> the president wants republicans to first agree to keep the middle class tax cuts, and then he wants to move on and tackle the rest of the fiscal cliff problems. do not count on groundswell of republican support. in fact, one republican, congressman tom cob, proposed a similar idea and conservative republicans shot him down. we'll get to that here in a moment. quite a moment today. also president obama is meeting today with 14 key ceos to try to get their support for keeping those middle class tax cuts. the ceos are from huge, huge companies here. macy's, home
and congress have just one month to prevent tax hikes and spending cuts that really could send the economy according to some right back into a recession. we are glad you are with us on this friday, everybody, i'm jenna lee. jon: i'm jon scott. president obama offering his opening bid to avoid the fiscal cliff but it's not going over well at all with republicans. house speaker john boehner saying no progress has been made in negotiations. mike emanuel is live on capitol hill now. what are the republican complaints, mike, and how are they pushing back at the president? >> reporter: senator john john cornyn who is a member of the rupp leadership says he thinks president obama wants to go over the fiscal cliff by proposing higher taxes, no spending cuts and no plans to save entitlements. with president obama going to pennsylvania today, the house republican whip, kevin mccarthy's office put out a video profiling a small business nearby in pennsylvania that would get hurt by a tax hike. >> i'm jerry gorsky from an engineering company. however good or bad we do is my income. this notion of $250,
tax bracket as of yet. there's no mustard on there, is there? i'll see you in a little bit, mr. barnicle. thank you, john. "morning joe" starts right now. >>> i think they won the election. they must have forgotten that republicans continue to hold the majority in the house. but, you know, the president's idea of a negotiation is roll over and do what i ask. we need to find common ground, and we need to find it quickly. >> good morning. it's monday, december the 3rd here in new york city. the christmas tree all lit up. with us on set, msnbc contributor mike barnicle, pulitzer prize-winnering historian jon meacham, author of "thomas jefferson." "fortune's" assistant managing editor leigh gallagher and political analyst, former chairman of the rnc, michael steele. and i'm willie geist. joe and mika have the day off today. there's so much to talk about, but we do have to begin with the ties, if we could. it's not just mike. mike's getting all the focus here this morning, and that is inexcusable. >> could i just say, in the words of speaker john boehner, we need to find common grou
this? more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ "the odd couple" theme playing ] humans. even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. [ tires squeal ] and if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for life. call... to
days remaining before drastic tax hikes and spending cuts take effect, a republican spending plan has been rejected by the white house. brianna keilar is live from washington. what now, brianna? >> well, right now it's about the pressure building and the clock kicking, zoraida. as house republicans in the white house try to ultimately broker a deal between two very different plans. house speaker john boehner's counteroffer, if you take a look at the headlines from this $800 billion in what would be savings from tax reform. so that is new tax revenue. but not done by increasing income tax rate on the wealthiest. but instead by closing tax loopholes, eliminating tax credits. and also $600 billion in health savings. that's what you'd get from entitlement reform. from reforming medicare, and doing some cuts there under this plan. but compare it to the white house plan, very different than what's on the table there. $1.6 trillion in new taxes. that is two times the amount in the boehner plan, and also, of course, includes increasing those income tax rates for the wealthy. $400 billion to m
the message along, put pressure on lawmakers to get this middle class tax cut extension down. the president sitting down with small business owners, with ceos of major companies, pushing that middle class tax cut message. they don't believe that this is the comprehensive solution, but they believe this is a step towards the final solution, a final agreement to prevent this fiscal cliff scenario. the president saying he believes that this can get done before christmas. take a listen. >> a clear majority of americans, not just democrats, but also a lot of republicans and a lot of independents glee that we should have a balanced approach to deficit reduction that doesn't hurt the economy and doesn't hurt middle class families. if we agree that we should not raise taxes on middle class families, let's begin our work with where we agree. >> of course there are some lawmakers who are not that optimistic. they don't think there's enough time between now and the end of the year to get a deal done. nonetheless the president will continue pushing his message. he heads to pennsylvania tomorrow. he wil
and tax increases if negotiations break down. and both sides of the aisle are going straight to the public in order to plead their case, or rather tell us why the other side is to blame. this is president obama in his weekly radio address. >> both parties say we should keep middle class taxes low. the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. and if we can just get a few house republicans onboard, i'll sign this bill as soon as congress sends it my way. but it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the wealthiest americans. >> in the republican response, senator orrin hatch takes th s hostage metaphor one step further and brings to mind a memorable movie scene. >> unfortunately, some on the other side of the aisle are offering a disastrous thelma and luiz strategy that would take us over the cliff, putting millions of middle class families and our already weakened economy in further jeo
fights over taxes and spending, it dominates the headlines and we are getting a report on the potential climate deal that could have an impact on our economy. talks are going on about a climate treaty that could supersede current u.s. laws in some ways and impose mandatory limits on carbon emissions. president obama failed to get a cap-and-trade will pass in his first term. is he quietly planning a new carbon crackdown through other means? joining me now is lou dobbs, host of "lou dobbs tonight" on the fox business network. that was one agenda item he could not get through. cap and trade. even when the democrats controlled the house as well, they just couldn't get that through. what would he be doing through the united nations and he could do through the u.s. congress? lou: the efforts that he is undertaking here, so little is known about what we are discussing in qatar, at the meeting of the united nations we are talking about laying out a mission schedule through 2035. without any public discussion, there is nothing about it than a presidential debate, as you know. this could have a m
to usual his party to strike a deal. right now, get this done. keeping the bush tax cults for 98% of americans, give up on keeping tax cuts low for the wealthy, 2%. take a listen to what cole on capitol hill had to say moments ago. >> in my view, we all agree that we're not going to raise taxes on people who make less than $250,000. we should take them out of this discussion right now and continue to fight against any rate increase, continue to try to work honestly for a much bigger deal. >> has the tipping point been reached, sir? is the compromise in front of us right now because so many republicans are willing to talk act revenue? >> well, look. tom cole, who is a friend of mine, was the former chairman of the republican congressional campaign committee. i am the current chairman of the democratic congressional campaign committee. anytime you can get the former republican congressional campaign committee chair and the current democratic congressional committee democratic chair to agree on something, do it, pass it. tom cole is right. this is why people are frustrated with wash
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